Question: Prepare a broad audit plan. Answer the following questions based on 10-K Filing for Starbucks Fiscal Year Ended October 1, 2023. Report can be find
Prepare a broad audit plan. Answer the following questions based on 10-K Filing for Starbucks Fiscal Year Ended October 1, 2023. Report can be find Starbucks Coffee Company - Starbucks Reports Q4 and Full Year Fiscal 2023 Results What material types of transactions and transaction cycles are involved? What are the high-risk areas? Would you consider any of these risks to be significant risks? o Example: how a global pandemic can impact the company (market share, customer base, stock value, internal controls, etc. Refer to The economic impact of COVID-19 (novel coronavirus) for more information. This is just one article that can assist you. What are the low-risk areas? If management faced tremendous pressure regarding the entity's financial performance, what opportunities might exist for them to engage in fraudulent financial reporting? To what extent do you believe it will be appropriate to reduce assessed control risk? How will audit effort be allocated among geographical areas? What form of auditors' report do you expect will be issued; what does it mean
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